"If this trades doesn't go as planned, will I still be able to sleep at night?"
If the answer is yes, then you can go ahead. But if the answer is no, then it best not to make that trade or investment.
This is truly a very good question that a trader supposed to ask himself before trading. But someone may not know until the person begin to trade and experience it himself.
It is true that there are traders that may have opened positions and not able to sleep at night and this can affect the traders health.
Another one is when a trader opened position and earn money easily at night and open another position, thinking it will also be easy but which can last longer and deprived the person of sleep.
Most times i dedicate a day of trading and this days i dont have enough sleep as i mostly open position during the night and sometimes i can get a little carried away with market situations and anxiety that can cost me a whole night of sleep, and ultimately affect my well being the following day.
So what i do in this situation is to only trade once and when i end uo in profits, i take a leave and if the market want to go against me and my SL triggered, i just walk away also, so most times i have overcome that stage where my trading can really affect me physically or mentally.